Bank of Canada Meeting

07:36 05.12.2017

The Bank of Canada will publish its rate statement at 17:00 MT time on December 6. This document contains commentary on the overall performance of Canada’s economy and offers clues about future monetary policy decisions. This release has a great impact on the exchange rate of the Canadian dollar.

The central bank raised rates in July and September but policymakers have said since then that while less stimulus would be required over time, they would be cautious about future rate moves. If this cautious tone persists, the CAD will suffer and it will be time to buy USD/CAD.

On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…

In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…